Robbing Peter to Pay Paul Wall Street “THERE it is.” –“30 Rock” character Liz Lemon, upon identifying the inevitable flaw in each new, too-good-to-be-true suitor. Want a culprit for now-rising prices at the grocery store and gas pump? No, it’s not because of worldwide droughts and floods — headline-grabbing shortages in places like the Soviet Union are roughly...Read More
Mortgage Rates, Gas Prices on the Move One of the signs that’s something afoot in the financial markets — as it is now — is that interest rates re-set several times in one day. (More typically, they re-set every few days.) Although the increments have all been small, that’s been happening all week in the...Read More
“The Levi Strauss Strategy” Caterpillar Inc. said it will buy mining giant Bucyrus International Inc. for about $7.6 billion as the heavy-equipment giant looks to bolster its mining-equipment production. –“Caterpillar to Buy Bucyrus”; Wall Street Journal (11/15/2010) What do corporations do when the price of metals — both base and precious — double and triple?...Read More
